Elite Material Co (TPE:2383) Days Inventory : 61.07 (As of Mar. 2024)

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What is Elite Material Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Elite Material Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$6,133 Mil. Elite Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$9,164 Mil. Hence, Elite Material Co's Days Inventory for the three months ended in Mar. 2024 was 61.07.

The historical rank and industry rank for Elite Material Co's Days Inventory or its related term are showing as below:

TPE:2383' s Days Inventory Range Over the Past 10 Years
Min: 40.84 Med: 47.46 Max: 75.6
Current: 75.6

During the past 13 years, Elite Material Co's highest Days Inventory was 75.60. The lowest was 40.84. And the median was 47.46.

TPE:2383's Days Inventory is ranked better than
65.98% of 2410 companies
in the Hardware industry
Industry Median: 102.035 vs TPE:2383: 75.60

Elite Material Co's Days Inventory declined from Dec. 2022 (62.78) to Mar. 2024 (61.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Elite Material Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.49.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Elite Material Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.48.

Elite Material Co Days Inventory Historical Data

The historical data trend for Elite Material Co's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Elite Material Co Days Inventory Chart

Elite Material Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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47.44

49.74

59.81

58.85

61.13

Elite Material Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial															62.78	62.79	52.84	52.71	61.07

Competitive Comparison of Elite Material Co's Days Inventory

For the Electronic Components subindustry, Elite Material Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Elite Material Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Elite Material Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Elite Material Co's Days Inventory falls into.

Elite Material Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Elite Material Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (5465.411	+	4235.908)	/	2 )	/	28962.487	*	365
=	4850.6595					/	28962.487	*	365
=	61.13

Elite Material Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5598.287	+	6667.744)	/	2 )	/	9164.316	*	365 / 4
=	6133.0155					/	9164.316	*	365 / 4
=	61.07

Elite Material Co (TPE:2383) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Elite Material Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9164.316	/	6133.0155
	=	1.49

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Elite Material Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6133.0155	/	12902.46
	=	0.48

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Elite Material Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Elite Material Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Elite Material Co (TPE:2383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elite Material Co Ltd (TPE:2383) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328

Website

https://www.emctw.com

Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals and raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: The domestic segment produces and sells different types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components, the Foreign segment produces and sells prepreg for printed circuit board and copper-clad laminate, and Other segments include investment and product exchange business. Geographically, It operates in Taiwan, China, and Other countries.

Elite Material Co (TPE:2383) Headlines

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